The Acting Secretary of State to the American Manufacturers Export Association

Sirs: Reference is made to your letter of October 17, 1933, inquiring whether it would be possible to negotiate with the Argentine Government on the question of leaving American frozen funds in Argentina. The Department wishes to state, in reply, that it has not been informed that the Argentine Government intends to oblige owners of blocked funds to convert those funds into bonds.

Very truly yours,

For the [Acting] Secretary of State:
Edwin C. Wilson